Fights In The Stock Market: Air Force Vs. Surface-To-Air Missile12 October, 2011, 2:52. Posted by Zarathustra
I didn’t read that hilarious interview with one fund manager until today. That fund manager was a perma-bull, but is turning bearish (so it seems: if you read between the line, she is not) because the Hong Kong regulators allow short-selling. Curiously, the fund manager in question did not question her own judgment, but blame the air force of screwing things up.
Okay, fair enough if she wants to blame someone else. But what air force?
The Chinese word for short selling literally means “sell” and “air” if two characters are separated. So short-selling are nick-named “air force”. Hedge funds, to them, as a result, are an army flying from nowhere bombing high above the sky. So the interview went something like (in a rather satirised form):
Those air force keep bombing, and the morale has been completely destroyed because the strategic bombing was so powerful that they destroy everything! They were so fearless because the air raid sirens aren’t working properly(?)! If the government does not shoot down air force and/or make the air raid sirens ten times as loud (!!??), the Hang Seng Index will drop below xyz. Then the little guys would be in a very dire situation…
So the bulls must be some people holding a surface-to-air missile, shooting bombers flying over them and bombing. And now they are so overwhelmed by the strategic bombing of the air force run by bears, they are running out of surface-to-air missile and are forced to hide in a bunker or something (!), and small investors couldn’t escape because the air raid sirens weren’t working when the air force was bombing (!?).
Okay, that’s all joking. But I am sure we can create some more comedies about the market out of such a military analogy. Possibly very Monty Pythonesque.